Tuesday 15 October 2019

Gemini Property Developers names new CEO

DUBAI, October 17, 2018

Gemini Property Developers, a boutique real estate developer based in Dubai, has appointed Sunil Gomes as its new chief executive officer to strengthen its management team as the company embarks upon expansion.

Gomes, a UK citizen, brings a wealth of 30 years real estate experience having lived and worked globally including Latin America, Europe, Caribbean and the Middle East, said the company in a statement.

During his tenure in the GCC region, Gomes had held top level positions working for blue-chip government players, delivering world-class and iconic masterplanned communities and managed major projects across all real estate asset classes, it added.

Welcoming the appointment, chairman Sudhakar Rao said: "Our decision was based on Gomes' distinguished career and extensive experience in the global real estate development, and his track record in delivering major projects."

"His professional background corresponds with the company’s current plans to pursue a real estate development strategy that contributes to profitability, boosting the financial position, high returns on Gemini’s assets and a sustainable revenue growth, stated Rao.

This appointment comes at a time when Gemini has begun the handover of its Dh300-million ($81.6 million) Splendor project at Sobha Hartland within MBR City and is focusing on further Dh800-million worth of new projects in Business Bay and Dubailand with a portfolio in luxury and affordable housing.

Splendor is located at the centre of Sobha Hartlan, a brand new mixed-use development located between Al Khail Road and Meydan. The project borders Meydan One on one side, MBR City District One on the other and Meydan Grandstand at the backdrop.

Its other upcoming project is a 29-storey Symphony tower in Business Bay. The development is the second of a series of residential projects planned by the developer in UAE and GCC region and the ground-breaking of Symphony at Business Bay has already been commenced with off-plan sales starting in due course.

Gomes commented: "Technologies related to home automation are increasingly being viewed as a means to reduce the lifecycle cost."

He revealed that the company was investing heavily in this regard, to ensure its competiveness by offering greater savings in opex (Operational Expenses) for end users.

"We use technology to make sure the developments are cost sensitive whilst ensuring that they meet the needs of the user," he added.-TradeArabia News Service

Tags: Middle East | Dubai | Gemini Property Developers |

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